Adjustable-Rate: If you plan to refinance, we can discuss fixed-rate and adjustable-rate mortgage options that suit your long-term goals.Cash-Out Refinance: Once the property appreciates, a cash-out refinance can provide funds for further investments or renovations.Living in the property initially helps you build equity faster.Your townhouse investment is a promising venture.

I have ordered Denise Evans book.I think I should also work to lower the taxes on any properties I obtain, not by rezoning but rather attempting to adjust the appraisal value. 

My loans don’t adjust until 27 and on.

I try hard to market it and adjust prices to attract bookings.

You make a decision and then adjust because when you don't make decisions, you are in analysis paralysis.

As a step one, I love it and you should absolutely be prepared to make adjustments and possibly even purchase passive investments as you can as you go along. 

Here are some key points to consider:Accessibility: Residential properties are often more accessible to individual investors, especially those starting out with smaller capital.Tenant Stability: While turnover can occur, residential leases tend to have shorter terms, offering more flexibility if you want to adjust rents or change tenants.Market Liquidity: Generally, residential properties are easier to buy and sell due to higher demand from individual homebuyers and investors alike.Emotional Appeal: Homes and apartments can have a strong emotional appeal to buyers and renters, which can influence demand and pricing stability.Purchasing: Residential real estate will require a down payment of at least 10% of the purchase price. 

While interest rates might be higher, they can offer quicker access to capital.Seller Financing Adjustments:Negotiate with the seller to see if they are willing to adjust terms slightly.

You can answer the question by simply looking at your last 10 or 15 residential projects (regardless of the subtle variances) to see what you quoted each customer (if adjusted to a cost plaus basis) and determine average total labor (or any other non materials) cost on a per sq ft basis.

@Ahmad MooreIt sounds like for the DSCR, either ratio was caused the adjustment, or the appraisal came in too low.